The cost of developing apartments in Ireland continues to rise yet further, according to the latest research from the Society of Chartered Surveyors Ireland (SCSI). This is perhaps no surprise given the level of general inflation, but the point is that the increases are taking place from already high levels. Total development costs of around €530,000 for a lower-range apartment mean that when the developer’s margin is added, the price is unaffordable except for those on high incomes. Many developments are sold for buy-to-rent – which provides a guaranteed purchaser and thus helps financing – but the price paid guarantees high rental levels. All the State investment is, in other words , having an impact, though levels of new supply remain well below what is needed.

Source: The Irish Times December 09, 2025 10:32 UTC